Monolithic Power Systems, Inc. $MPWR Shares Sold by Rokos Capital Management LLP

by · The Markets Daily

Rokos Capital Management LLP decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 121,436 shares of the semiconductor company’s stock after selling 7,921 shares during the quarter. Monolithic Power Systems accounts for approximately 0.4% of Rokos Capital Management LLP’s holdings, making the stock its 17th largest position. Rokos Capital Management LLP’s holdings in Monolithic Power Systems were worth $88,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MPWR. Frontier Capital Management Co. LLC lifted its holdings in Monolithic Power Systems by 3.2% in the second quarter. Frontier Capital Management Co. LLC now owns 132,843 shares of the semiconductor company’s stock worth $97,159,000 after purchasing an additional 4,121 shares during the period. Potentia Wealth acquired a new position in Monolithic Power Systems during the 2nd quarter valued at about $234,000. NewEdge Advisors LLC raised its position in shares of Monolithic Power Systems by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after buying an additional 314 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $207,000. Finally, AXA S.A. lifted its stake in shares of Monolithic Power Systems by 47.8% in the 2nd quarter. AXA S.A. now owns 104,584 shares of the semiconductor company’s stock worth $76,491,000 after acquiring an additional 33,834 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on MPWR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. KeyCorp increased their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, Needham & Company LLC lifted their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,047.27.

Get Our Latest Stock Report on MPWR

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $979.02 on Thursday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The stock has a fifty day moving average of $968.82 and a 200-day moving average of $846.01. The company has a market capitalization of $46.90 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.Monolithic Power Systems’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.06 earnings per share. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity

In other news, EVP Saria Tseng sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the sale, the executive vice president directly owned 187,331 shares of the company’s stock, valued at $173,556,551.57. This trade represents a 9.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 27,966 shares of Monolithic Power Systems stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total value of $24,656,503.56. Following the sale, the executive vice president owned 148,306 shares of the company’s stock, valued at approximately $130,755,467.96. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,426 shares of company stock worth $94,860,304 in the last 90 days. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Company Profile

(Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

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